How to raise capital for your startup.
Very insightful panel discussion on successful capital formation 3ith three of Silicon Valley’s finest.
Business plans are about as objective and honest as personal ads on dating sites. – AVC
Business plans have fallen out of favor over the past 16 years or so. Most people now use executive summaries, pitchdecks, websites, and live presentations instead. However, here’s how you write a business if you must.
There is this theory in venture capital that you want to back coachable entrepreneurs. But the entrepreneurs who have really radical ideas are not only not coachable, but they generally react with hostility to being coached. One of the things we test for is – we say, “Have you thought about doing this the other way?” What we are not looking for is them say, “Oh, that’s a great idea!” What we are looking for is a stare, “You idiot. You moron. You’ve been sitting here, listening to me for 20 minutes and I’ve been working on this for 5 years and you think you understand this so well that you can make me a suggestion. And not only you’re an idiot for thinking you can do that, but I will now explain you in detail why you’re that big of an idiot”.We love those! Those are fantastic!’-Marc Andreessen